the album of the year, mumford and sons is moving to hip hop. they have been talking to jay-z about what should be a fresh experience for the band. wedding bells. janet jackson confirmed she married her billionaire boyfriend and christina applegate said i do. daniel day-lewis saying he's going to take years off to rest, it must be nice. >> you work hard. then you feel guilty takes days off. >> maybe if i can find a billionaire husband like janet i can take years off. this is "first look" on msnbc. stay tuned. "way too early" starts right now. when it came time for best

picture, was the award presented by a huge movie star? no. it was presented by first lady, michelle obama accompanied by a pile of wrinkled laundry. did she give it to the most american movie, "zero dark thirty"? oh, no. her husband had to get all the credit sfr that. >> steven colbert mocking the oscar cam know. i'm bill karens, this is "way too early." it's so good. thanks for being up with us this tuesday. we have a lot to talk about including a snub by c-pac. governor chris christie's invitation seems to be lost in the mail. why a 2016 contender won't be speaking out.

the market drops 200 points after fears of gridlock in europe's third largest economy. we'll get a live report from london. first, a stand off from washington. $85 billion in spending cuts on friday. sound familiar? president obama and republicans have plenty to say. still just not saying it to each other. despite this so-called crisis, the two sides haven't spoken directly this week and have yet to meet face-to-face this calendar year. they plan to push the plans. john boehner rules autothe possibility of new taxes. >> i stand by those commitments to make the reforms for smart spending cuts. but we also need republicans to adopt the same approach to tax reform that speaker boehner championed two months ago. >> the president says we have to have another tax increase to

avoid the sequester. well, mr. president, you got your tax increase. it's time to cut spending here in washington. instead of using our military men and women as campaign props, the president was serious, he would sit down with harry reid and begin to address our problems. >> the president will be in newport news today to discuss the local economy, particularly military spending. the president met at the white house. they are critical about how the president is handling the situation. >> now is a time for him to show leadership, proposed $85 billion, propose the are you ductions in a more balanced way. every government has to do it. >> i could not be more frustrated. how many more times are the governors going to have to pick up the mess of washington, d.c. my kids could go find $83 billion out of a $4 trillion

budget. this is not rocket science. this is an inability to want to get to work. >> we could provide an alternative. we have shown you can do it. we have done it state by state. it's time to do it at the capital to make it happen. >> joe biden addressed the association about the politics. >> people are tired are being tired. then they are ready to get up and move. you know that. it's happening in your states. you probably feel in your fingertips more than most of us do here in washington. i think they are so frustrated by what they see and don't see happening here in washington. i think their frustration is turning into a bit of anger. >> in homeland security secretary, janet napolitano will make it more difficult to minimize the risk of terrorism. >> the automatic budget reduction mandated by

sequestration would be disruptive to our nation's security and economy. it would negatively affect the mission readiness of the men and women on the front lines. >> joining us now, politico's editor and chief, john. four days left. any way to avoid the cuts? >> i don't think so. both parties made calculations not in their interest to negotiate. there's nothing to negotiate about. if so, trust for the other side. i think, as you say, a midnight deal is always possible, part particularly with republican governors. the most likely scenario is we see the sequester kick in and we see how the political impact echoes. >> it seems like this is pr battle right now for after friday. not trying to fix it before friday. >> exactly. the question clearly obama has this stronger hand as he has in

most of the show down's over budget matters. he won the election. his position polls popular. the risk for him is the sequester kicks in, the chicken little syndrome doesn't look to be happening. it's slow motion, not as visible. the message he and his cabinet have in advance. >> "the new york times" has an interesting editorial. i'm going to read it to everyone in part here. the white house strategy on the white house sequester was built around a miscalculation about republicans. in the end, they would be reasonable and negotiate a realistic alternative to cuts. however, more republicans seem to care about reducing spending at all costs. vital government programs does not seem to bother them. the only way to break this is the cut toss take their toll on everyone's daily life. seem accurate?

>> republicans would say to that, wait a minute. the last budget deal over the fiscal cliff, we did something that goes against our core beliefs. we raised taxes even though we didn't want to. we have taken that step. president obama has not yet done that. he's not done what republicans want, which is tax spending. not so much the discretionary spending, but the drivers of the budget, the entitlements, particularly health care. he hasn't done that. they say we have gone first. not you. "the new york times," editorial page finds compelling. there's so little trust. really nothing for them to talk about now. that part of the times editorial, i agree with it. >> another interesting item that happened yesterday associated with chris christie. record approval ratings in his state. he was not invited to speak at the conference. is this a snub, an oversight, a

slap to say hey, you need to support us more? >> it's not clear he wants to go there. >> okay. >> i don't know about the invitation. governor christie has done something a lot of hard core conservatives don't like. he appeals to people beyond republicans. he's shown a formula in new jersey which is precisely what the republicans need to do, talk to people who don't necessarily agree with straight down the line republican position. >> better off not -- >> it's a cardinal syndrome of a lot of people who will be at the c-pac conference. it's typically a beauty contest for republicans trying to attract attention. governor christie doesn't need that. people think, in a political sense, he's attractive. >> thank you. see you in a few minutes coming up on "morning joe."

opposition leaders will attend talks with secretary of state john kerry. his first trip abroad since being confirmed for the cabinet. he kicked off a nine-country tour where it turns to civil war where 70,000 people died. western powers have not done enough to intervene in the fight. in a rare move, vice president joe biden and secretary kerry called the coalition to convince the group to attend the meeting and they accepted. >> i want our friends in the syrian opposition counsel to know that we are not coming to rome simply to talk. we are coming to rome to make the decision about next steps and perhaps even other options that may or may not be discussed after that. we are determined that syrian opposition is not going to be dangling in the wind wondering

where the support is or if it's coming. >> another key developments as explosions hit damascus, they have agreed to meet with the opposition including armed rebels. "the new york times" reports saudi arabia has gotten weapons. an election spinning out of control in italy having an effect on world markets at this hour. it's placed the economic future of the country. the results in the u.s., a 200 point drop in the dow, the biggest since november. let's look at the markets as we get up in your business. carolyn roth is live for us in london. why is the outlook so cloudy? why are the markets reacting so harshly? >> good morning, bill. none of the parties has a clear majority.

they have come out and said look, we don't want to form a grand coalition. some market participants are saying we could be heading into a new round of elections. the markets will be in limbo for a couple weeks. as you pointed out, a big sell off in the u.s. was quite a volatile session. at one point, the dow jones was 100 points away from the all-time high. then the markets realized the election results would be inconclusive selling off 100 points in the last 50 minutes of trade. that was the biggest drop since november for the dow and s&p. we have the great volatility of the vix index. it shows how nervous the markets are. that index jumping by 34% in yesterday's trading session. this is the biggest jump since august, 2011. we are seeing stocks selling off as well. in terms of the u.s. markets, we should see a rebound in today's

session. >> that's good news. asia and europe down big this morning. let's turn to ben bernanke. he's going to testify in a few hours. will they change their bond-buying strategy? what is the buzz? >> well, that is the billion dollar question. markets were jittery and nervous when the minutes came out. market participants take thag as a sign that the fed is going to slow the bond buying program earlier than expected. but, what markets want to hear from ben bernanke today is he's going to dial back on the hawkishness to reinsure investors. we are concerned about the slow recovery, slow growth and high unemployment. he's likely to tell congress that the sequester or $85 billion in automatic spending cuts could have a big impact on the economy.

thanks as always. have a wonderful day. appreciate it. he turned the office into advocate si. c. everett koop has died. he faced an eight month confirmation. he used his office to advocate for public awareness, speaking bluntly about the spread of hiv as numbers exploded in the 1980s, and warnings of the danger of smoking. dr. koop, no disrespect, but what difference should it make to most of us whether or not it's viewed by public health officials or justice officials. >> there are 4 million victims out there who are not getting proper attention and you should be concerned that if we intervene at the proper time and the proper place as public health officials that we can turn this thing around and we won't have 4 million victims

every year who are the problems of this assault of nature of our society. >> we all miss that beard. koop became famous for his endorsement of life alert, the device for seniors who have fallen and can't get up. he died of unspecified causes at the age of 96. in a world where fad diets disappear, a new study is picking up attraction about the diet of the people who live in the mediterranean. a study included a diet high in olive oil, nuts, beans, fish, fruit can help prevent heart attacks, stroke and death by as much as 30%. it's credited for being rigorous. the mediterranean diet was more effective in preventing heart disease even if they don't lose wait. shoot us an e-mail at

waytooearly@msnbc.com. still ahead on "way too early" manti te'o raises more questions than he answered. why teams might be thinking twice about drafting the notre dame star, next in sports. plus, jon stewart may be overreacting to the sequester cuts. that when "way too early" comes back. an explosion earlier this afternoon tore through the basement of the world trade center complex. it took place in a below ground complex housing a commuter train station and parking garage. authorities cannot pinpoint the cause but it could have been caused by a bomb. [ male announcer ] how do you make america's favorite recipes?

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after a beautiful monday, it looks like the good weather in the east coast is going to go downhill. grateful to have dylan in. >> it was awful yesterday. blizzard warnings up for oklahoma. as a weather nerd like myself, we are breaking records out in kansas. it's fun if you have to deal with that much snow, you might as well break a record. we broke a record for the snowiest month on record. february, 2013 in wichita, kansas is the snowiest. the old record was set 100 years ago, in 1913. snow coming down in eastern kansas. northwestern missouri is going to get hit hard with this storm. heavy snow is falling. we have heavy rain on the eastern side of this storm where down through florida we have tornado watches up for the severe storms we'll see over the course of the day.

you can see where the blizzard warnings are in oklahoma because of the blowing snow. winter storm warnings posted up into western portions of illinois as well. you can see the red box across the panhandle of florida. we are going to see torrential downpours and tornados as we get into the severe weather later this afternoon. as for snow, it looks like areas just south of kansas city will get snow. this is coming off another blizzard that happened this past week. it's brutal that way. >> you can't call us both nerds. people are going to look at you and not believe it. i try to look cool here. >> we both have blue on. that works. yeah. cool. >> no. thanks, appreciate it. let's turn to sports. the game of the night. kansas against iowa state picking up in the final seconds of the game. a chance to put iowa state up by three.

missed. now, kansas needs a two to tie it. alie jeh johnson was standing his ground, right? they call him for the foul. he can't believe it. look at his feet. he wasn't moving. the end of the game, in the paint, near the line. it gave kansas another chance to hit the foul shot. overtime, they pull away. 108 to 96 avoiding the upset at iowa state. well now to the nfl. another reason to dislike tom brady. that's not what it says. giving the patriots a hometown discount. he agreed to a three-year, $27 million contract extension to keep him in new england through the 2017 season. by the end of that, he'll be 40. it's good news for the pats. the new contract will free up $15 million in cap space over the next two seasons so they can get better. we move now from an established

nfl star to a college star not helping the drafts status. manti te'o with a standout performance in indianapolis. instead, he ran the 40 in 4.82 seconds. that placed him 20th among the 26 competing line backers. it's slower than 12 defensive linemen who ran. normally the line backers need to be around 4.6, at least. not good. college football now. alabama crimson tide used to scouring the country to get their recruits. now they are going to middle schools. they offered a scholarship to this 14-year-old. he's 6'1", 200 pounds in eighth grade. he'll be in high school come this fall. alabama just trying to keep up with the scc rivals. moses already had a scholarship

from lsu. they offered that last summer. finally, a month out from opening day, never too early to watch. miguel carrerra facing jonathan pap l balm. this pitch landed outside the stadium, past the tiki. estimates had it going 450 feet. tiger's round 10-1. nice to see baseball highlights. coming up at the top of the hour, "morning joe," president obama takes his message to virginia. is the white house strategy working? why iran is not a fan of the first lady's oscar dress. what the media did to literally cover her up when way too early comes back. [ woman ] my boyfriend and i were going on vacation,

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enough of the real news. let's gather around the water cooler. is lewis here today? no? it's like he's cheating on me. i think he's about to break up with me. let's talk oscar fashion. first lady, michelle obama surprised us all when she showed up to announce "argo" for best picture. more surprising, an altering photo of miss obama to fit

iran's strict code for women. instead of the thin strapped dress, they really poorly photo shopped it. did we think they would do a good job? the dress included capped sleeves and a high neckline. they have to cover up their hair, arms and legs. not sure they have to be blurred. $85 billion in automatic spending cuts set to kick in unless congress comes up with a last minute deal. this is how jon stewart is preparing. >> what happens if the sequester kicks in. yosemite will see their services cut. >> all right. >> 700,000 civilian defense workers to take one day off a week. a 20% pay cut. >> as long as iran doesn't attack on a thursday. >> fewer fbi agents kids kicked

out of child care programs. air traffic controllers, nearly 4 million cut. in texas nearly 10,000 fewer children will receive vaccines for diseases like whooping cough and the flu. holy [ bleep ]. we're doomed. going to have to get jobs feeding sick children to old people. why did i only buy the hat? >> still ahead on way too early, why are you awake? "morning joe" is moments away. ♪

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